Currency Verification

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DIY counterfeiting: German woman attempts buying Audi with 'Monopoly' money
World

DIY counterfeiting: German woman attempts buying Audi with 'Monopoly' money

Money most certainly doesn't grow on trees, but that never stops people from wondering, "What if it did?"
Tezpur University researchers have a solution for fake currency: nano-ink!
India

Tezpur University researchers have a solution for fake currency: nano-ink!

Counterfeiting or fake currency is a problem that authorities across the globe have struggled to constrain. Miscreants are often drawn to counterfeiting as it's a real money-making (illicit) business, and it's hard to trace once the currency is in circulation.
99.3% of demonetized-notes worth Rs. 15.31-lakh-crore returned to banks: RBI
India

99.3% of demonetized-notes worth Rs. 15.31-lakh-crore returned to banks: RBI

As many as 99.3% of the old Rs. 500 and Rs. 1,000 notes, that were banned overnight in November 2016, have been returned, the Reserve Bank of India said in its annual report.
What is RBI doing with old Rs. 500/1,000 notes?
Business

What is RBI doing with old Rs. 500/1,000 notes?

The demonetized Indian currency notes of denomination Rs. 500 and Rs. 1,000 are being shredded and briquetted before being disposed of through a tendering process, explained the Reserve Bank of India (RBI) in reply to an RTI query.
RBI is still verifying post-demonetization returned currency
India

RBI is still verifying post-demonetization returned currency

With the first anniversary of the demonetization approaching, the banned notes recovered post-demonetization are still being "processed in all earnest", said the RBI in response to a RTI query.
RBI refuses to provide information on fake currency, printing defects
India

RBI refuses to provide information on fake currency, printing defects

The RBI has said it had processed 9,711.62mn demonetized Rs. 500 notes and 4,709.72mn Rs. 1,000 notes till August.

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